Insider Buying: Ronald D. Mccray Buys 1,000 Shares of Career Education Corp. Stock (CECO)
Career Education Corp. (NASDAQ:CECO) Director Ronald D. Mccray acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $5.12 per share, for a total transaction of $5,120.00. Following the completion of the transaction, the director now directly owns 16,619 shares in the company, valued at approximately $85,089. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at First Analysis upgraded shares of Career Education Corp. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, June 18th.
Career Education Corp. (NASDAQ:CECO) traded up 1.36% during mid-day trading on Friday, hitting $5.21. 502,305 shares of the company’s stock traded hands. Career Education Corp. has a 52-week low of $2.46 and a 52-week high of $7.93. The stock’s 50-day moving average is $4.97 and its 200-day moving average is $5.83. The company’s market cap is $350.4 million.
Career Education Corp. (NASDAQ:CECO) last released its earnings data on Thursday, August 7th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.12. The company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $233.64 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Analysts expect that Career Education Corp. will post $-1.93 EPS for the current fiscal year.
Career Education Corporation through its colleges, schools and universities offers education to a student population of more than 75,000 students across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings.
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